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While President Obama prepares to tackle the looming fiscal showdown with Congress and fine tune his policy objectives for his second term, he must also prepare to retool his Cabinet and his core White House team.

The Obama administration has had one of the lowest Cabinet turnover rates in history. But as with most second-term presidents, a number of Cabinet-level officials and those with Cabinet rank, have already announced or indicated their intent to leave as President Obama begins his second term.

Among them are Treasury Secretary Tim Geithner, whohas announced his intent to leave and Secretary of State Hillary Clinton, who until recently, was also on record as having decided to serve only one term.

Meanwhile, the departures of Attorney General Eric Holder, Energy Secretary Steven Chu, and EPA AdministratorLisa Jacksonare now seen as increasingly likely. Rumors are also circulating that Jack Lewwill also resign his post as White House Chief of Staff for the President’s second term, according to senior analysts at Wexler & Walker Public Policy Associates, a public policy and lobbying firm has been following the revolving doors of Washington since 1981.

Add to that Federal Reserve Chairman Ben Bernanke’s recent announcement that he will not stay on when his current term ends in 2014, along with likely changes within the Office of Management and Budget, and its easy to see that President Obama and his advisors will have their hands full lining up suitable replacements that will pass muster with Congress.

While the circumstances unfolding around the unexpected resignation of CIA Director Gen. David Petraeus has drawn attention away from the expected executive shuffle in the White House, Wexler & Walker have assembled a list some of the most likely candidates to keep an eye on.

Cabinet Position

Potential Appointees

White House Chief of StaffJacob Lew (could move to another post)

Valerie Jarrett, Senior White House advisor

Ron Klain, former Chief of Staff to Vice President Biden

Tom Nides, Deputy Secretary of State

Secretary of State Hillary Clinton (previously announced departure)

Tom Donilon, Obama National Security Adviser

Sen. John Kerry(D-MA), Chairman of Senate Foreign Relations Committee

Susan Rice, UN Ambassador

Secretary of the Treasury Tim Geithner (expected departure)

Roger Altman, former Clinton Administration Deputy Treasury Secretary

Erskine Bowles, Chair, Fiscal Responsibility Commission

Larry Fink, Chairman & CEO of Blackrock

Jack Lew, current White House Chief of Staff

Secretary of Defense Leon Panetta (expected to stay through 2014)

Ashton Carter, current Deputy Secretary at Defense

former Senator Chuck Hagel (R-NE)

John Hamre, President, Center for Strategic and International Studies

Sen. Jack Reed(D-RI)

Secretary of the Interior Kenneth Salazar

John Berry, Director, Office of Personnel Management

Gov. Christine Gregoire(D-WA)

David Hayes, Deputy Secretary of Interior

Secretary of Agriculture Thomas Vilsack

Sen. Kent Conrad(D-ND) (retiring)

former Sen. Blanche Lincoln (D-AR)

Secretary of Commerce Rebecca Black (acting)

Steve Case, co-founder AOL

Dan Doctoroff, CEO Bloomberg L.P.

Fred Hochberg, President Ex-IM Bank

Ron Kirk, USTR head

Karen G. Mills, current Small Business Administrator

Secretary of Labor Hilda Solis (expected to stay)

Maria Echaveste, former Clinton WH Deputy Chief of Staff)

former Rep. Dick Gephardt (D-MO)

Seth Harris, Deputy Secretary

Olena Berg Lacy, Assistant Secretary for Pensions under President Clinton

Secretary of Health and Human Services Kathleen Sebelius (has indicated she would like to stay on until Affordable Care Act is implemented)

Nancy-Ann DeParle, Obama Deputy Chief of Staff

Gov. John Kitzhaber(D-OR)

Gov. Martin O’Malley(D-MD)

Lois Quam, Global Health Initiative at State Department

Secretary of Housing and Urban Development Shaun Donovan (expected to stay)